trending Market Intelligence /marketintelligence/en/news-insights/trending/Qeeq45s-VuYWcpCPNL8T-A2 content esgSubNav
In This List

Frasers Hospitality's debut perpetual securities attract S$500M in orders

Blog

Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise

Blog

FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


Frasers Hospitality's debut perpetual securities attract S$500M in orders

's debutperpetual securities received orders totaling more than S$500 million.

About35% of the "strong demand" came from institutional investors, accordingto a news release.

The Singaporetrust raised S$100 million from the issuance, with the perpetual securities havinga fixed 4.45% annual distribution rate.

FrasersHospitality plans to use proceeds from the perpetual securities to fund potentialacquisition and investment opportunities, for working capital requirements and generalcorporate purposes.

DBS BankLtd. and Oversea-Chinese Banking Corp. Ltd. are the joint lead managers and bookrunners for the issuance.

As of May 5, US$1 was equivalentto S$1.36.